Company Earnings Report Reveals Strong Growth for Freightos Limited
BARCELONA, Spain, Oct. 16, 2024 /PRNewswire/ – Freightos Limited (NASDAQ: CRGO)
Preliminary Key Performance Indicators for Q3 2024 Showcase Record Transactions
Freightos Limited, a leading vendor-neutral booking and payment platform for the international freight industry, reported preliminary key performance indicators for Q3 2024, demonstrating strong growth in platform usage and network expansion. The company achieved its 19th consecutive quarter of record transactions, with impressive year-over-year growth in both the number of transactions and the Gross Booking Value (GBV).
The actual numbers for Q3 2024 exceeded management’s expectations, with 339.1 thousand transactions and a GBV of $217.5 million. This represents a 26% increase in transactions and a 35% increase in GBV compared to the same period last year.
Freightos continued to enhance its digital freight marketplace in Q3 2024, enabling more transactions and broadening its global buyer and seller network. This platform expansion and network growth have set the stage for continued success and market leadership in the international freight industry.
Impact on Individuals
The positive growth reported by Freightos Limited suggests a thriving industry and potential opportunities for individuals involved in international trade and logistics. Increased platform usage and network expansion could lead to more business opportunities, better pricing options, and improved efficiency in freight booking and payment processes. Individuals working in the freight industry may benefit from these improvements, resulting in a more seamless and profitable experience.
Impact on the World
The continued success of Freightos Limited and its digital freight marketplace could have a broader impact on the global economy. By facilitating more transactions and connecting buyers and sellers worldwide, Freightos is contributing to the efficiency and growth of international trade. This could lead to increased commerce, improved supply chain management, and enhanced global connectivity. Ultimately, Freightos’ growth may have a positive ripple effect on various industries and economies across the world.
Conclusion
The strong performance reported by Freightos Limited in Q3 2024 signifies the company’s commitment to innovation and excellence in the international freight industry. With record transactions and significant growth in platform usage and network expansion, Freightos is poised for continued success and impact on individuals and the world. As the company prepares to release its full earnings report on November 25, 2024, stakeholders can look forward to further insights into Freightos’ impressive growth trajectory.
